Sonos, Inc. Common Stock (SONO) — Stock Correlations & Overview
Over the past year, SONO has moved most closely with FCFY, FLOW, DSTL. Explore the stocks most correlated and inversely correlated with SONO below, along with its price, financials, and company profile.
Stocks correlated with SONO
Correlation of daily returns. Higher positive values move with SONO; negative values move opposite it. Informational only, not investment advice.
Most correlated with SONO
| Symbol | Company | Correlation |
|---|---|---|
| FCFY | First Trust S&P 500 Diversified Free Cash Flow ETF | 0.48 |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 0.47 |
| DSTL | Distillate U.S. Fundamental Stability & Value ETF | 0.47 |
| RNIN | Bushido Capital US SMID Cap Equity ETF | 0.47 |
| CALF | Pacer US Small Cap Cash Cows ETF | 0.46 |
Most inversely correlated with SONO
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.47 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.37 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.36 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
Frequently asked questions about SONO correlations
- Which stocks are most correlated with SONO?
- Based on one year of daily returns, the stocks most correlated with Sonos, Inc. Common Stock (SONO) are FCFY (0.48), FLOW (0.47) and DSTL (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SONO?
- Over the past year, the stocks most inversely correlated with Sonos, Inc. Common Stock (SONO) are HDGE (-0.47), WEBS (-0.37) and DWSH (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SONO correlations calculated?
- We compute the correlation of daily returns between SONO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.